I ran across an interesting discussion on the Bogleheads Investment Forum. It centered on the issue of lump sum investing vs. dollar cost averaging.
With lump sum investing, you take whatever you have on hand to invest and you put it in the market all at once in your desired asset allocation. With DCA, you invest [...]
Archive for August 2011
Lump Sum Investing vs. Dollar Cost Averaging
Written by Nickel - 23 Comments
Published on August 31st, 2011 - 23 Comments
Filed under: Saving & Investing
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Filed under: Saving & Investing
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Does Homeowners Insurance Pay for Removal of Fallen Trees?
Written by Nickel - 3 Comments
While Hurricane Irene wasn’t nearly as bad as many pundits predicted, it still caused a good bit of damage. If you’re one of the many East Coast homeowners that is stuck cleaning up storm damage, you might be wondering if your homeowners insurance will pay for tree removal.
Here’s the scoop:
If your tree fell on your [...]
Published on August 30th, 2011 - 3 Comments
Filed under: Insurance
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Filed under: Insurance
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Back-to-School Shopping on a Budget
Written by Lisa White - 2 Comments
To many, the holidays are a time of big spending and blown budgets. But to millions of households with children, mine included, back to school shopping can also wreak havoc on our finances.
Between the trendy clothes, new shoes, and endless amount of school supplies, it is not difficult to put a noticeably big dent in [...]
Published on August 30th, 2011 - 2 Comments
Filed under: Consumer, Education, Frugality
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Filed under: Consumer, Education, Frugality
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Investing a Windfall (and Making Up for a Late Start)
Written by Nickel - 10 Comments
A reader that I’ll call Diane recently wrote in with a question about investing a windfall. She says:
I am getting some extra money — about $10k — and I have no idea what to do with it.
I am 57 years old and have no debt. I have about $9k in my company’s 401(k), and that [...]
Published on August 29th, 2011 - 10 Comments
Filed under: Planning, Saving & Investing
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Filed under: Planning, Saving & Investing
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What Do You Do With Your Spare Change?
Written by Nickel - 19 Comments
Earlier this week I ran across a story about a guy named Danny who uses a coin jar to supercharge his savings. Whenever he spends cash, he makes a point of not using his change – and when he receives additional change, he collects it in a jar back at home before taking it to [...]
Published on August 26th, 2011 - 19 Comments
Filed under: Miscellany
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Filed under: Miscellany
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Seven Clever Ways to Pay for Your Kids’ College
Written by Ed Avis - 5 Comments
If you have little kids, you probably see college expenses as some distant cloud hardly deserving attention. But as your kids age, that cloud gets closer, darker, and larger, until suddenly you realize it’s a raging storm that threatens to wreck your personal finances. The sooner you start dealing with the likelihood of that storm, [...]
Published on August 25th, 2011 - 5 Comments
Filed under: Education
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Filed under: Education
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Payroll Tax Holiday on the Way Out?
Written by Nickel - 19 Comments
Not quite a year ago, when Congress was extending the Bush-era tax cuts, they also enacted a “Payroll Tax Holiday.” In short, this meant that your FICA taxes would be reduced by 2%.
For those that are unaware, your FICA taxes total (on the employee side) 7.65% of your gross compensation, with 6.2% going toward Social [...]
Beware the Effects of Price Anchoring
Written by Nickel - 2 Comments
As a followup to yesterday’s post on stupid money, I wanted to share some thoughts about the so-called price anchoring. I first ran across the concept of price anchoring while reading Dan Ariely’s Predictably Irrational.
In short, price anchoring refers to the practice of establishing a high reference point against which you’ll compare prices when evaluating [...]
Published on August 24th, 2011 - 2 Comments
Filed under: Consumer, Frugality
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Filed under: Consumer, Frugality
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Finding a Job When You’re Unemployed
Written by Nickel - 12 Comments
Talk about kicking someone when they’re down… If you’re currently unemployed, you’ll be disappointed to learn that an increasing number of job openings require you to be currently employed or you won’t be considered.
As bad as this sounds, this practice isn’t considered to be discriminatory because unemployment is not a “protected status” like age or [...]
Published on August 23rd, 2011 - 12 Comments
Filed under: Working
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Filed under: Working
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Stupid Money
Written by Jeffrey Steele - 3 Comments
I’m currently engrossed in Peter Elkind’s entertaining 2010 book Rough Justice: The Rise and Fall of Eliot Spitzer. It’s a laugh-filled, fast-paced look at the life of the former New York attorney general and governor, whose swift rise to the top job in Albany was followed by an even swifter slalom out of elected office, [...]
Published on August 23rd, 2011 - 3 Comments
Filed under: Consumer, Frugality
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Filed under: Consumer, Frugality
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